South Africa (Real GDP, yoy %)
Consensus (median)
High estimate2.52.61.8
Low estimate1.21.11.8
Standard Deviation0.30.30
Count of Estimates36281

In spite of installation of Cyril Ramaphosa as the new president and following increasing confidence from the international community and investors, I don't have positive outlook for the South African economy. Tighter fiscal policy and a rise of taxes to keep debt under control and prevent additional credit downgrades, will impede efforts to boost growth. Also structural constraints such as skills shortages and inefficient state-owned companies will continue to weaken economic activity, as well as negative external balance will affect the economic growth in the mid-term.